Switching from fuel-based lighting – such as firewood and kerosene lanterns – to solar-LED systems also create two million potential new jobs in developing countries like India, a first-of-its-kind study has found. Lawrence Berkeley National Laboratory (Berkeley Lab) researcher Evan Mills conducted the first global analysis of how the transition to solar-LED (light-emitting diode) lighting will […]
Solar powered ring frame unveiled
Coimbatore-based textile machinery manufacturer Lakshmi Machine Works has developed a solar-powered mini spinning frame. Union Minister of State for Micro, Small and Medium-scale Enterprises (MSMEs), Giriraj Singh, unveiled the machine here recently. The mechanised ring frame with 32 spindles is connected to a 2.5 KW solar energy system and it can produce yarn of 10s to […]
50 engineers face suspension for role in rooftop solar scam
The rooftop solar scheme was misused by some Escom engineers. The engineers had colluded with investors to grant permission even in cases where there were no buildings. Though the state power regulator had reduced procurement tariff for these units from the earlier Rs 9.56 a unit to the range of Rs 5.20 to Rs 7.08 per […]
Rooftop solar scam: 50 more executive engineers likely to be suspended
Many more executive engineers of different Escoms are set to face disciplinary action regarding the alleged scam in sanctioning rooftop solar units. Energy Minister D.K. Shivakumar on Wednesday warned that about 50 executive engineers would face suspension within a week if the “illegal” agreements signed by them for setting up such plants were not cancelled. Already, […]
Guj HC notice to govt on PIL on Santhalpur solar park
The Gujarat High Court recently issued notice to the state government in response to a PIL alleging corruption in contracts for the development work at the country’s largest solar power project in Santhalpur tehsil of Patan district. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi issued notices to the government, Gujarat […]
Lenders will take control at Lanco Infratech
On July 20, the stock price of Lanco Infratech has jumped by more than 6 per cent after the news came out that the lenders of the company have decided to take control of Lanco Infratech by trading a part of the debt for a 60 per cent equity stake. The corporate debt restructuring, involving about […]
First Reserve draws bids for 101 MW Italian solar plants-sources
Private equity firm First Reserve has put up for sale a number of solar plants in Italy with a combined capacity of 101 megawatts drawing bids each worth around 100 million euros ($110 mln), several sources close to the matter said. First Reserve is selling Italy’s San Bellino plant, the country’s biggest photovoltaic plant located in […]
REC Silicon ASA – Second quarter 2016 results
REC Silicon ASA (REC Silicon) reported revenues of USD 71.1 million, compared to USD 68.8 million in the previous quarter. The company also reported a second quarter cash balance of USD 91.3 million. The corresponding EBITDA during the second quarter was a loss of USD 14.3 million compared to a loss of USD 13.4 million […]
GE Partners with Looop, Bringing 1.5kV Solar Inverter Technology to Japan
Global trends in solar indicate a bright future for 1.5kV solar technology. With higher photovoltaic (PV) modules per string and increased efficiency compared to 1-kilovolt technology, GE (NYSE: GE) and Looop are at the forefront of making the Japanese solar industry among the most advanced in the world. According to GTM Research, an estimated 92.7 […]
New Energy Storage Deployments in Major World Markets Are Expected to Total Nearly 62 GW from 2015 to 2025
A recent report from Navigant Research examines the market for grid-tied energy storage systems (ESSs) in 22 countries, with forecasts for power capacity, energy capacity, and revenue, segmented by technology, through 2025. The major markets in North America are expected to be the largest globally for grid-tied ESSs in 2015, but the more rapidly growing Asia […]